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Feb 13, 2013
02/13
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facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum
facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#:...
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Feb 4, 2013
02/13
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 1, 2013
02/13
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obama called it a voucher. are there other things we should do? >> i tell you, 18 years in the senate, we tried desperately to do something with healthcare. we had a good bipartisan group. we met once a week. and the reality is, your congress people don't understand the situation. nobody understands the situation. so they have done this piecemeal stuff 37 we said, look, you can't let it go over 1% of gdp. can you go in there and find fat but no one will ever say that or you get ripped to shreds by the aarp and senior groups and everybody else. we were specific in what we said, about 400 billion -- trillion. 400 trillion we hammered around in there. all you have to know is that regardless of what you call it, it can't possibly work because you've got it take care of 3-year-old of the preexisting condition that may live to be 60. have you one person in america that weighs more than the other two. you have diabetes a and b. penn people doing drugs, boods and tobacco and aren't going into a wellness program. ten million a day turning 65. you have to h
obama called it a voucher. are there other things we should do? >> i tell you, 18 years in the senate, we tried desperately to do something with healthcare. we had a good bipartisan group. we met once a week. and the reality is, your congress people don't understand the situation. nobody understands the situation. so they have done this piecemeal stuff 37 we said, look, you can't let it go over 1% of gdp. can you go in there and find fat but no one will ever say that or you get ripped to...
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Feb 8, 2013
02/13
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republicans saying president obama, you've got your tax increases in the cliff in early january. we want spending cuts now and if you don't agree with our spending cuts we'll let the sequester cuts, the indiscriminate across-the-board take effect. the white house said if i get the word out on what this means you wouldn't dare do that. that's what the white house briefing was about. administration economic officials talked about the middle class impacts, talked about 70,000 kids being thrown off of head start and 2,000 fewer food inspections. 540 million less in loan guarantees for small business and 375,000 fewer mental health patients being treated. 10,000 teachers lost, leon panetta, the outgoing defense secretary, has already said that the unacceptable cuts to the nation's defense would result so what we've got to see is whether republicans believe that or whether they believe it's a chicken little kind of argument and some democrats privately on the hill think that the sequester cuts might not be all that bad because they cut some of the defense programs that democrats have w
republicans saying president obama, you've got your tax increases in the cliff in early january. we want spending cuts now and if you don't agree with our spending cuts we'll let the sequester cuts, the indiscriminate across-the-board take effect. the white house said if i get the word out on what this means you wouldn't dare do that. that's what the white house briefing was about. administration economic officials talked about the middle class impacts, talked about 70,000 kids being thrown off...
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Feb 13, 2013
02/13
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president obama triggering a hot button issue at last night's state of the union. >> let's raise the federal minimum wage to $9 an hour. >> i'll speak with a small business owner who is actually a huge fan of the president's plan. i'll explain why coming up. and then -- ♪ they could be the odd est of odd couples. facebook founder mark zuckerberg hosts a fund-raiser for new jersey governor chris christie tonight. we'll take you live to palo alto for the latest on this. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering
president obama triggering a hot button issue at last night's state of the union. >> let's raise the federal minimum wage to $9 an hour. >> i'll speak with a small business owner who is actually a huge fan of the president's plan. i'll explain why coming up. and then -- ♪ they could be the odd est of odd couples. facebook founder mark zuckerberg hosts a fund-raiser for new jersey governor chris christie tonight. we'll take you live to palo alto for the latest on this. (announcer)...
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Feb 13, 2013
02/13
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. >> meantime, we brought down president obama's state of the union speech last night. the buzz word, probably no surprise, was jobs. but another word he barely mentioned, was infrastructure. saying that just three times over the course of the hour-long speech. >> and given bad roads and possibly even dangerous bridges around america, isn't this something that every american should have an interest in? in other word, shouldn't it get more attention? joining us, an expert on this. barry, good to see you again. >> good to see you both. >> bridges and roads are in terrible condition. possibly even dangerous. don't need to be reminded what happened in minneapolis a number of years ago. but can we afford it? how do we do this? >> we can't currently afford it in this country ppt. the numbers are staggering. it is difficult for politicians, let alone the average person, to comprehend it. take for instance. to maintain our road between now and 2020, to modestly improve our infrastructure will take $2.75 trillion. if we take what is currently expected to be funded, we have a sho
. >> meantime, we brought down president obama's state of the union speech last night. the buzz word, probably no surprise, was jobs. but another word he barely mentioned, was infrastructure. saying that just three times over the course of the hour-long speech. >> and given bad roads and possibly even dangerous bridges around america, isn't this something that every american should have an interest in? in other word, shouldn't it get more attention? joining us, an expert on this....
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Feb 15, 2013
02/13
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debt and unemployment as the biggest problems and a third of them blamed their negative outlook on obama administration. the message here. the wealthy have now fully healed from the crisis, but they won't have full confidence until the country fixes its own finances. maria. >> all right. thank you so much. robert frank. >>> up next, gamers beware. there's a first person shooter taking aim at xbox, the wii and playstation. up next, one of the creators of microsoft's xbox will join me with a move that could reboot the video game business and the first lawsuits against carnival coming out. the latest details on this developing story. back in a moment. [ laughs ] now this is a test drive. whoa! you really feel all 335 foot-pounds of torque. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option package disco
debt and unemployment as the biggest problems and a third of them blamed their negative outlook on obama administration. the message here. the wealthy have now fully healed from the crisis, but they won't have full confidence until the country fixes its own finances. maria. >> all right. thank you so much. robert frank. >>> up next, gamers beware. there's a first person shooter taking aim at xbox, the wii and playstation. up next, one of the creators of microsoft's xbox will join...
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Feb 27, 2013
02/13
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. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >>> welcome back. stocks are skyrocketing today. the dow getting ever closer to a record high. take a look. we're up 204 points as we speak. we're seeing new money come into this market as we approach the close with 35 minutes left before the bell sounds. we're just about 80 points away from an all-time high on the dow jones industrial average. >> even now closer than that, given this move that we've had in the last ten minutes. definitely have some buying picking up in the last few minute, and it
. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was...
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Feb 26, 2013
02/13
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president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the senate gets off their ass and begins to do something. >> reporter: now, we had harry reid respond afterwards and said it's the house of representatives that is sitting on their postiors because the house passed their bills last year. they haven't acted. we are going to get votes in the senate over the next couple of days on a democratic and republican alternative to replace sequester but, of course, everyone knows, sue, that neither one of those bills is going to pass so the president is going to keep pounding. republicans are going to try to hold line on taxes, and we've got an unresolved standoff that will
president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the...
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Feb 11, 2013
02/13
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apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phas
apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the...
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Feb 7, 2013
02/13
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when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me ask you about one other issue before we let
when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your...
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Feb 6, 2013
02/13
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what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical of this rally as it continued. some others though have thrown in the towel and are going with the trend higher. are you still skeptical? >> i'm definitely still skeptical. >> okay. i think the risk is to the down side. if we get a 5% pullback, which would not be bad for the market, are people going to put their money to work. putting it into work when times are good. when times are bad, markets back off and that's where markets seem to accelerate. >> going out neither highs of the day with the dow up about 5.25 points here, and the s&p up a fraction right now. stand by. a lot of earnings news coming
what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical...
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Feb 4, 2013
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. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the ol
. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two....
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Feb 27, 2013
02/13
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when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there. >> i want to move over to what is happening with retailers. one by one by are hearing from these guys. jcp after the bell today. >> target is entering its slipping. part of the problem is kbiedance. murky, then you see headlines dropped from conference jc penney after the bell, now retail analyst will tell you, expectations are low. also watch out, because it is long here over the last three quarters. >> so we invite in mr. herb greenburg. herb, you come in on this one. coach? >> i got to say, the j man? >> j man. everyone has a nickname, as far as i'm concerned. herby, he is the j
when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there....
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Feb 12, 2013
02/13
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obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal? how are we going to get out of this mess? >> and ron, what do you think he says that could cause -- rattle the markets a bit? >> i should preface it, the thing that slips us into a 3% to 5% correction. the president has been making more noises about closing loopholes and raising taxes fort on higher income brackets, something we already went through with respect to the fiscal cliff negotiations, so i think as we move towards the sequester as peter just suggested, the more acrimonious this get and the more the two sides get entrenched around higher taxes on the wealthy o
obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal?...
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Feb 5, 2013
02/13
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for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a quorum on certain cases which could potentially weaken the commission. s.e.c. declined to comment to the newspaper on behalf of white who is not yet a commission official. back to you. >> thanks so much, eamon. reaction now with attorney andrew consultman who says this is a major problem, while a former s.e.c. official says the benefits of having the right people far outweigh the cost of some conflicts of interest. both join us right now for a discussion. good to have you on the program. robert, i think you make a good point. you want people with the experience and
for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a...
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Feb 12, 2013
02/13
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i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. >>> big news the past hour on the future of television. jul julia, is it true i'll be on all channels all the time. >> we can only hope. the big news here, intel is getting into the tv business, new division intel media work
i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ]...
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Feb 28, 2013
02/13
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president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i
president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next....
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Feb 15, 2013
02/13
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worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does provide support for pricing. so that would be a big one. more globally and more longer term, i think the state of the u.s. economy an
worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns...
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Feb 15, 2013
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president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of that internal e-mail about february sales being a total disaster. the spokesman says sometimes these internal e-mails can be inaccurate. thanks for watching "street signs." have a great weekend. "closing bell" is next. >> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the major averages in danger of posting losses this week though. >> if we stay right here, we'll see that. i'm bill griffith. the dow does not be able to look like it will avoid a second consecutive losing week. the blue chip average down sharply in the last half hour on t
president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of...
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Feb 22, 2013
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president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to gain, in the wake of last night's result and exclusive interview last night on cnbc. >> just when you think you have the markets figured out, they throw you an up day. >> "street signs" begins right now. have a great weekend. >>> and welcome to "street signs," everybody. i'm mandy and we are black in back, baby. dow is soaring. turning positive for the week now but could we head for the case of the mondays come next week. also hp is leaving this market higher. that stock hits a fur-year high. also, stock shopping spree. we will hit the mall for three things that every invest over, yes, that
president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to...
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Feb 19, 2013
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president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades en you open an account. but i am your rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options...
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Feb 5, 2013
02/13
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in a little more than two hours, president obama is going to come out and propose a short-term deferral of the so-called budget sequester. that is due to take effect on march the 1st with indiscriminate cuts in defense. he needs more time given the congressional budget process from the fiscal cliff, in order to put off the sequester, and come up with a ten-year plan. he's going to propose for several months tens of billions of dollars in both new revenue and spending cuts. this is going to be greeted skeptically from republican leaders. i just spoke with the spokesman for mr. mcconnell, the senate republican leader, who said we would love to see the president's cuts. we'll see if he can reach an agreement to put off that sequester. so far they were able to put off the debt limit which delayed some of the threat to the american economy. this is another attempt to do that. of course, the president's focus largely on immigration today, he's got meetings with the ceos of both yahoo, marissa meier, blankfe blankfein, and trying to focus on that topic. the budget is the most economic back dro
in a little more than two hours, president obama is going to come out and propose a short-term deferral of the so-called budget sequester. that is due to take effect on march the 1st with indiscriminate cuts in defense. he needs more time given the congressional budget process from the fiscal cliff, in order to put off the sequester, and come up with a ten-year plan. he's going to propose for several months tens of billions of dollars in both new revenue and spending cuts. this is going to be...
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Feb 13, 2013
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zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his educated flan pi. this past december he and his wife donated 18 million facebook shares to the silicon valley community foundation. he's contributed $10,000 to facebook's political action committee which donated $267,000 to both democratic and republican candidates over the past two years but today's event does face some opposition. the democratic governor's association posted a petition earlier this week to pressure zuckerberg to cancel his fund-raiser. it has pulled the petition down. it's no longer up online. an organization called credo action is planning a protest ahead of the event this evening. the event toni
zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his...
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Feb 27, 2013
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. >> the other pressure could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years since you wrote the book "start small, finish big" which was about grass roots entrepreneurship. do you think the environment for those chasing the american dream by setting up their own business has gotten worse or better in those 13 years? >> it's continuously gotten worse, because there's more and more regulations. it's tougher for people to get into business. especially a small business. i tell you, if i started subway today, subway would not exist. because i had an easy time of it in the '60s when i started. i just see a continuous increase in regulation. >> do you ha
. >> the other pressure could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years...
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Feb 4, 2013
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live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole. >> i don't think the issue right now is raising rates. there is no doubt we need additional revenue coupled with smart spending reductions, in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they have earned. >> now, going into the president's favor as he tries to go after this is a widespread belief on wall street, even that this is an unjustified loophole, one of the top figures on wall street told me the
live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole....
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Feb 25, 2013
02/13
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they say obama just wants to scare us, congress wants to scare us too. we're tired of it. we recognize -- roger was on this morning and he said, people are going to wake up and say, wow, the national parks are closed? no, there's not enough -- yes, long lines and travel. maybe take the train for change, maybe get in the car. i just don't think that there is enough to scare us yet. meanwhile, the defense stocks are red-hot. uss truman has to stay docked, can't go to the gulf. let's get some priorities, navy. 250 golf courses, really nice. >> the other side, comes up with bernanke tomorrow, maybe things are better than the market anticipates. and then how does he actually stop it and can he successfully do it so we don't get a huge backup in rates. >> it is a real worry. >> it's got to be. >> of all the people who are going to talk about it, isn't bernanke the guy you want tomorrow if you're a bull in this market? he's likely to go up there more so than some of the other speakers who have been out and around and here and there, making their various comments. he's likely to t
they say obama just wants to scare us, congress wants to scare us too. we're tired of it. we recognize -- roger was on this morning and he said, people are going to wake up and say, wow, the national parks are closed? no, there's not enough -- yes, long lines and travel. maybe take the train for change, maybe get in the car. i just don't think that there is enough to scare us yet. meanwhile, the defense stocks are red-hot. uss truman has to stay docked, can't go to the gulf. let's get some...
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Feb 28, 2013
02/13
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. >> that is the sign of the argument obama wants to press. when go beyond the general idea of cutting spending and talk about the specifics, that's where it gets difficult. if you talk about cutting spending on, say, medicare or social security, the public says overwhelmingly, absolutely, don't do that. that's why the sequester cut don't affect the programs in a significant way. looking at law enforcement, border enenforcement, health care, education, there you have the possibility that the public is going too see impacts from the sequester cuts, layoffs and ultimately squawk in a way, maybe not medicare social security level but enough to make congress change. >> fly xbrifrs the military as we now learned. john, thank you vet. john harwood in washington. >>> jc penney seek the biggest sales drop since ron johnson announced that transformation plan 13 months ago. shares down 21%. we have an analyst who has a buy rating on the stock. what's behind his call? that's coming up next. >>> before we go to break, fortune is out with its list of the t
. >> that is the sign of the argument obama wants to press. when go beyond the general idea of cutting spending and talk about the specifics, that's where it gets difficult. if you talk about cutting spending on, say, medicare or social security, the public says overwhelmingly, absolutely, don't do that. that's why the sequester cut don't affect the programs in a significant way. looking at law enforcement, border enenforcement, health care, education, there you have the possibility that...
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Feb 12, 2013
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>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan and reach across the aisle. weigh in on those two notions. >> first of all, we're not 80% done on the debt and have a long way to go. this president needs to engage on our debt deficit. that's critical. second, i hope it won't be that partisan. hope it will be bipartisan. realizing america has a budget problem and americans have tightened their belts and it's time we did in washington. >> i'm not as optimistic as you are. after four years, i can pretty much tell you all the issues out there and a lot of good ideas. you brought up jobs. really, isn't there a philosophical difference here. that the spending mo
>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan...
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Feb 8, 2013
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effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know you didn't attend the most recent roundtable meeting at the white house. but maybe you can give me your sense of the current administration and how the business roundtable is trying to navigate. i have three topics. the first one is regulation. i just finished the isaacson book about jobs. first of all, he was wrong. he thought the president would be a one-term president. but when he talked about things like regulatory issues, he said, why should it be easier for the chinese to build a factory here in the u.s.? your thoughts, sir? >> well, the reason i wasn't at the white house, i was over across th
effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know...
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Feb 21, 2013
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obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked their dividend along with walmart. talk about that in a moment. >>> google, almost $1,0
obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna...
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Feb 11, 2013
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tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
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Feb 15, 2013
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. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he announced on cybersecurity at the state of the union earlier in the week. the white house's top cyber guru talked about the scope and scale of these attacks. >> the threat is becoming more sophisticated and it's becoming more dangerous. we're moving up the threat spectrum from simply the internet equivalent of graffiti up to what you see what happened to saudi aramco with actual destructive impact. >> and what he's talking about there in that attack, officials said it was a month's long attack on the saudi arabian oil company designed to cut off oil production and sale, that hackers might have ability to do that. now, experts
. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he...
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Feb 11, 2013
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you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, so
you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by...
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Feb 22, 2013
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we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many solutions. those are called government-sponsored enterprises. basically agencies of the federal government that were set up and the boiler-plate was, not guaranteed by the u.s. government. what in essence they were. now, let's think back to some of the new issues of the day, infrastructure bank. in the state of the union, the president called for this as something to build and save the country and the economy. now, let's also look at some acronyms. transportation infrastructure finance and innovation act. that will be expanded to, yes, rise of the zombie clones to create another agency very similar to freddie and fannie. it's going t
we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many...
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Feb 1, 2013
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austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are you looking for? >> 180,000 jobs. and unemployment rate stays steady at 7.8%. >> you're a little ahead. >> what is consensus? >> 160 to 166 depending on which one, i think thompson was at 160. >> i actually think if you had done one overnight, i think it's crept up. i think the expectation on the street is a bit higher than this 166 right now. >> why is that? >> because of adp. because of a bunch of other things. people seem to have gotten a little more optimistic. i read about half a dozen reports this morning, they were all in the 180, 190 range. >> did the issue impact -- >> ever
austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are...
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Feb 15, 2013
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obama care. the governor of ohio is going to join us next up. free market capitalism is the best path to prosperity. don't forget, lower marginal tax rates across the board. all right? if you can't deal with reagan, think john f. kennedy, who launched a budget during the 1960s. why would you raise taxes now? i'm kudlow. we'll be right back. >>> ohio republican government john kasich in the news these days. conservatives are heaping praise over his tax cuts but some don't like him taking expanded medicaid money from obama. conservatives, some of them, don't have any nice to say about john kasich at all. more or less you have 20% income tax cut across the board, joining a whole bunch of republican governors across the country who are leading the way while washington is raising taxes. the liberals of course i was reading the "columbus dispatch" and what not, they were saying tax cuts for the rich, that's all you're doing. >> larry, in addition to lowering the income tax so everybody doesn't scoot ou
obama care. the governor of ohio is going to join us next up. free market capitalism is the best path to prosperity. don't forget, lower marginal tax rates across the board. all right? if you can't deal with reagan, think john f. kennedy, who launched a budget during the 1960s. why would you raise taxes now? i'm kudlow. we'll be right back. >>> ohio republican government john kasich in the news these days. conservatives are heaping praise over his tax cuts but some don't like him...
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Feb 1, 2013
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so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian belsky the chief investment strategist with bmo capital markets, good morning to you. >> good morning, carl. thanks for having us. >> what do you make of today and everything that's led up to today starting at the beginning of the year? >> well, i tell you what. this is all about building, quote-unquote, street cred for equities again, rising stock prices do a lot with respect to making people feel better about the institution of equity investing. clearly, some asset allocation models have poured money back into stocks and that is why we've seen near term
so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian...
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Feb 8, 2013
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i'm with obama on this, i really am. i'm with obama. whether that makes me a con or a neo-con or whatever it is, think think they're wrong about waterboarding. but notice, answer, guantanamo is still open. i think obama has learned a thing or two. >> yeah, i wish he would learn a few more things and that is to get -- actually, i think it's mark's concerns about winning the hearts and minds of pakistanis. i don't think i'd spend a lot of time and effort on that and, you know, this is part of the reason i'm enthusiastically supporting the siequester. i think there's plenty we can cut from the defense department, including this pointless, endless rebuilding of afghanistan. it was one thing to go in and take out al qaeda and the taliban. what on earth are we doing over there? why do we care about the hearts or minds or building the schools? i mean, outside of osama bin laden going to afghanistan and tricking the taliban into this spectacular attack on america, in general the muslims in afghanistan like the ones in indonesiaia have not expor
i'm with obama on this, i really am. i'm with obama. whether that makes me a con or a neo-con or whatever it is, think think they're wrong about waterboarding. but notice, answer, guantanamo is still open. i think obama has learned a thing or two. >> yeah, i wish he would learn a few more things and that is to get -- actually, i think it's mark's concerns about winning the hearts and minds of pakistanis. i don't think i'd spend a lot of time and effort on that and, you know, this is part...
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Feb 13, 2013
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obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want to hear what the president has to say. i have heard different things but have not read the speech. if he wants to go protectionist, for example, i think that will be poorly received, frankly, again, outside of his own union base and so forth. the tim cook thing is fascinating. i get that. if you bring manufacturing facilities home, that would be great. cut the corporate tax rate that would give them an incentive. regulate less that would give them an incentive to come home. >> certainly he will talk about incentives to try to bring manufacturing back home. i would
obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want...
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Feb 6, 2013
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this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha
this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr....
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Feb 14, 2013
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sales did increase in the wake of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the multinational companies are thinking, looks like rates going you up, auctioned off ten-years, 24 billion. there's a rogue, a new guy on the block. it distorts it a bit. you can see we're coming back down. these yields on this new guy, still a good chance we'll settle above 201.5 close, going back to early april. if you look at a two-day chart of the boone, you can see dynamics in place, about face, suggestion of data, weaker data showed up in the marketplace. look at spain, this is really interesting. a two-week chart of spain basically, wow, these yields are really going down. are even the southern countries have th
sales did increase in the wake of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the...
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Feb 5, 2013
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president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care
president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a...
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Feb 22, 2013
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i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary policy and that's how we'll deal with the fiscal problem. no tax hikes, spending cuts. >> you get both out of the way. you have to at some point and i agree not having qe as an expectation is a tighter policy. that's point number one. point two it's very old wall i need stimulus and i need spending. if you go back to reagan, clinton, go back to eisenhower -- >> strong dollar was consistent with great stuff. >> strong dollar is the most pro growth signal you can find. >> those were golden dollars. these are not golden dollars today. >> the average oil
i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary...
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Feb 12, 2013
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that is his obama care effectively. finding bits and pieces to pull together to create this new energy strategy. and i think he's going to lay some of that out. i also think there's going to be a lot of emphasis on social issues whether it's guns, whether it's gay marriage. you look at how democrats are sort of stacking the audience. because everyone is a member plus one. >> do you think it's going to be partisan? do you think it's going to be -- some people are speculating it's going to be my way or the highway. >> yes, very much so. >> no sequester. small budget cuts. and you got to raise more tax revenues? do you expect that? >> absolutely. i think he has the political momentum behind him to go into that space. but as you've noted and as the polls are beginning to show, people got their paychecks the last two weeks in the month of january and they've noticed a lot less money. number one. number two, there's still a significant number of people unemployed. they're looking for a conversation from the president -- line
that is his obama care effectively. finding bits and pieces to pull together to create this new energy strategy. and i think he's going to lay some of that out. i also think there's going to be a lot of emphasis on social issues whether it's guns, whether it's gay marriage. you look at how democrats are sort of stacking the audience. because everyone is a member plus one. >> do you think it's going to be partisan? do you think it's going to be -- some people are speculating it's going to...
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we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the
we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path...
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Feb 13, 2013
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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Feb 27, 2013
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shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the president during a major storm where a lot of people were at risk would have been a mistake, a, and, b, a total violation of the brand that he has built. >> and you must be thrilled about this to see republicans dumping on a guy, christie, because christie is a guy that could win new jersey. if he ran for president he could win blue states. we were talking before. republicans, not since reagan and papa bush have republicans won, i believe, california and new jersey, and i think reagan won new york twice if i am not mistaken. it has been so long since they did that. christie
shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the...
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Feb 7, 2013
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that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage foundation's seminar today for new and old congressional members. the vibe i picked up is, a, no new taxes and, b, let's cut spending. >> it's quite a scene on capitol hill. house republicans are very nervous about the sequester. back home in their districts, a lot of them represent military families, defense mms and employees. tharp not going to accept the president's demand for tax increases zip thought the defense lobby went in to see the president. do we know what happened there? big defense companies. what happened? >> the president brought in a lot of defense executi
that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage...